Acquisitions

Cabot Business Center, Phoenix, Arizona

August 15, 2017
Industrial
Purchased: 2017

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of Cabot Business Center in Phoenix, Arizona.  The property is comprised of five buildings totaling 109,805 sf and is 96% leased.  Located in the center of the Phoenix Sky Harbor submarket, the property has three freeway interchanges within a one mile radius and is also located within minutes of airline terminals, downtown Phoenix, and Arizona State University. This is SPIRE US LP’s first acquisition in the Phoenix market.

Special Thanks To:
  • Brokers – Darren Tappen & Peter Beauchamp (Kidder Mathews)
  • Financing – Brian Bonipart, Adam Parker & Chad Metzger (Newmark Realty Capital)

For more information, please contact any of the following:

Mark Hannah
Mark Hannah Managing Partner & Director 778-383-6937
Alex Messina
Alex Messina Acquisitions Manager 778-383-4020
Shaun Blythen Senior Acquisitions Analyst 604-558-5500

About Nicola Crosby

Nicola Crosby Real Estate, a subsidiary of Nicola Wealth Management Ltd., sources properties for the SPIRE Real Estate portfolios. For a complete listing of our portfolio please visit www.nicolacrosby.com.

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, hotel, seniors and self-storage properties totaling 3.7 million square feet located in major Canadian markets. SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, San Francisco, Denver, Phoenix, Houston and Chicago. The portfolio also includes interests in over 14,000 multi-family apartment units located in the South and Southeast US. SPIRE Value Add LP is a new addition to the SPIRE and SPIRE US investment portfolios and focuses on generating returns through re-sale of investments in multiple projects using “value-add strategies.”